# Lufa Farms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lufa-farms

- Industry: Agribusiness
- Headquarters: Montreal, Canada
- Website: www.lufa.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Oct 5, 2012)
- Investors on record: 1

## About

Lufa Farms Inc. is an innovative urban agriculture company focused on cultivating and distributing fresh produce through greenhouse farming, delivering sustainability and local sourcing to urban communities.Founded in 2010 and headquartered in Montreal, Canada, Lufa Farms Inc. specializes in urban agriculture, primarily the cultivation of fresh vegetables. The company was founded by Kurt Lynn, who has a history of involvement in other ventures. Lufa Farms has secured a total of CAD 1.50 mn in funding across 4 deals, with the most recent funding round occurring on July 11, 2018, involving investors such as Cycle Capital Management and Le Groupe Montoni Division Construction Inc. This last round matches the total amount raised by the company.Lufa Farms specializes in the cultivation and distribution of fresh vegetables, leveraging over 500,000 square feet of greenhouse space. Their core offerings include a variety of locally grown produce delivered directly to customers in urban areas such as Quebec and Ottawa. The company addresses the demand for fresh, local, and responsibly sourced food, providing a sustainable alternative to traditional grocery shopping.Lufa Farms operates on a subscription-based model, where customers sign up to receive regular deliveries of fresh produce. This direct-to-consumer approach ensures a predictable revenue stream as subscribers pay for their baskets of vegetables regularly. The pricing structure features different subscription tiers to accommodate varying household sizes and consumption needs, enhancing customer experience and supporting local agriculture.Lufa Farms plans to introduce new product offerings in the coming years, focusing on expanding its assortment of fresh produce. The company is also looking to penetrate additional urban markets beyond Quebec and Ottawa, although specific locations and timelines have yet to be disclosed. The recent funding round from July 2018 is expected to support these initiatives, enabling Lufa Farms to enhance its operational capacity and reach more consumers.

## Funding rounds

- Seed, Oct 5, 2012, $1.3M — Cycle Capital Management

## Investors

- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Seed